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Lucky Block Price Prediction: LBLOCKUSD Price Could See another Retracement Trend Soon

Johnathon Fox
12/17/2024 | UPDATED ON: 12/17/2024

Lucky Block Price Prediction- December 17

The Lucky Block price could see another retracement trend as soon as it reaches the oversold region of the market. The coin price may likely reverse bullish for another probable upward surge. If buyers can show their power and trade hands with sellers at the current support level of $0.0000181, the price might retrace to retest the previous high of $0.0000330 and much further.

Levels:
Resistance levels: $0.0000190, $0.0000195, $0.0000200
Support levels: $0.0000180, $0.0000179, $0.0000178

LBLOCKUSD Long-term Trend: Bearish (Daily Chart)

LBLOCKUSD market has a bearish posture and could see another retracement trend soon in its long-term outlook, as seen from the chart below. The coin price is below the supply levels due to the inflow from the sell traders, suggesting a bearish trend.
Lucky Block Price Prediction: LBLOCKUSD Price Could See another Retracement Trend Soon
The sustained pressure at the $0.0000184 support level during the last session has contributed to its bearishness in its recent low.

Today, the Lucky Block pair anticipates another retracement soon. As the daily chart opens, the bears dropped to a $0.0000181 support level below the moving averages. Given the current trend, buyers can purchase the item at a lower cost and push the market higher. Thus, the price tendency will climb over the crucial levels if the bulls raise their level of market tension.

Further, the LBLOCKUSD pair could see another retracement soon and face the upsides as the market is now trading below the 3% range of the daily stochastic, indicating that the selling pressure will end soon.

As a result, buyers may be compelled to resume an uptrend and may likely break up the $0.0000330 supply level as it anticipates another retracement soon in its higher time frame.

LBLOCKUSD Medium-term Trend: Bearish (4H Chart)

According to the chart below, the medium-term outlook for the LBLOCKUSD market anticipates another retracement trend as soon as the selling pressure is about to end.
Lucky Block Price Prediction: LBLOCKUSD Price Could See another Retracement Trend Soon
The price bar is below the moving average line, indicating a bearish trend, because the short traders are more actively involved in the order flow.

The bears ‘pressure on the currency pair at the $0.0000182 support level in the previous session further led to a drop in the price of Lucky Block at its recent low.

The crypto price could see another retracement as the LBLOCKUSD price trades at the oversold region at $0.0000181 below the EMA-50 as the 4-hourly chart resumes today.

Meanwhile, the pair anticipates another retracement as the market values are already oversold, indicating the Lucky Block price may reverse at the $0.0000181 support level to hit the $0.0000298 peak level and extend to the $0.0001200 upper resistance level, defying the current market uncertainty in its medium-term outlook.

You can purchase Lucky Block here. Buy LBLOCK

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

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